Microeconomics Deals With

question 135

Multiple Choice

Microeconomics deals with:

• A) the working of the entire economy or large sectors of it.
• B) employment, growth, and inflation.
• C) individual units in the economy.
• D) normative economics for the most part.

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Definitions:

CHISQ.TEST()

A function used in spreadsheet programs to calculate the p-value of the chi-square distribution to test the independence of two criteria.

Chi-Square Distribution

A statistical distribution used to analyze the statistical significance of the differences between categorical distributions.

Degrees Of Freedom

The number of independent values or quantities that can vary in an analysis without breaking any constraints.

Equality Of Variances

The assumption that different groups or samples have similar variances, often a prerequisite for certain statistical tests.